SOMANY CERAMICS LIMITED (NSE:SOMANYCERA, BSE:531548) leading ceramic manufacturing company having business in India, Africa the Middle East, United Kingdom and Russia. SOMANY CERAMICS LIMITED is in this business since 1969 and now it is one of the popular brand of ceramic.
The company has manufacturing plants in Kadi (Gujarat) and Kassar (Haryana), India and other joint venture plants, generating a production capacity of 41 million sq. Meters annually.
SOMANY CERAMICS LIMITED having market cap around Rs.2893.46 Cr. The company has posted revenue of Rs.1730.70 Cr with net profit of 61.06 Cr as mentioned in 2016 annual report.
Today in block deal list we come to know that FRANKLIN TEMPLETON MUTUAL FUND has invested in SOMANY CERAMICS LIMITED.
FRANKLIN TEMPLETON MUTUAL FUND has bought 14,25,000 shares at Rs.680(source NSE website). The stock open at NSE Rs.681.95 and made low at Rs.677.30 and high at Rs.681.95.
This block deal may be in context of Govt efforts to boost real estate sector and plans of housing for all. With that view this stock is one of the direct beneficiary of it. It will be interesting to see how it perform in upcoming days.
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